Chinese Earnings Estimates Cut Most Among Major Asian Markets
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Chinese companies listed in Shanghai and Hong Kong had their profit estimates cut the most among major Asian economies as the slowest growth in more than two decades erodes corporate earnings.
Projections for earnings of companies in the Shanghai Composite Index in the next 12 months were lowered by 6.8 percent, while those for firms in Hong Kong’s Hang Seng China Enterprises Index, or the H-share gauge, were reduced by 6.2 percent, according to data compiled by Bloomberg.